Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period =
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Question:
Inventory conversion period = 50 days
Average collection period = 17 days
Payables deferral period = 25 days
a. 46 days
b. 38 days
c. 42 days
d. 34 days
e. 31 days
Related Book For
Principles of managerial finance
ISBN: 978-0132479547
12th edition
Authors: Lawrence J Gitman, Chad J Zutter
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